Latest News | Apollo Plans to Invest $30 Mn in India over Next Two Years
Get latest articles and stories on Latest News at LatestLY. IT company Apollo plans to invest over USD 30 million (about Rs 232 crore) in India over the next two years.
New Delhi, May 19 (PTI) IT company Apollo plans to invest over USD 30 million (about Rs 232 crore) in India over the next two years.
As a part of its recent series-C funding of USD 110 million (about Rs 852 crore) led by Sequoia, the B2B sales intelligence and engagement platform Apollo announced its first office space in India, located in Bengaluru, to house its R&D team.
Also Read | Motorola Edge 30 Now Available for Sale via Flipkart, Check Offers Here.
Additionally, the company will hire over 100 research and development (R&D) engineers in the coming months.
"Our recent Series C funding has enabled us to expand our footprint in India with our first R&D office space set to be located at Bengaluru after having worked remotely through the pandemic.
Also Read | Samsung Galaxy Z Flip 4 Spotted on Geekbench: Report.
"We look forward to scaling our India team rapidly. It will play an important role in bolstering our core R&D team, our business growth and global expansion," Apollo Co-Founder and CEO Tim Zheng said in a statement.
Apollo claims to have over 16,000 clients globally.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)